MARKET & ECONOMY
Jariwala Arunchandra Navnitlal, a highly respected doyen of the Indian textile industry, better known as Arunbhai Jariwala passed away on 21st January, 2017 in Surat. He was Chairman of FIASWI for 23 long years and was appointed on various Committees set up by the Government of India.
COTTON USA will promote US cotton and offer sourcing support to the fashion industry supply chain at its exhibit at Texworld in Paris from February 6-9, 2017, in Hall 2 F187. COTTON USA will provide visitors with comprehensive background information on responsibly-produced US cotton, global cotton market developments, the findings of current market and consumer studies, and its ongoing Licensing, Marketing and Sourcing Programs.
The Finance Ministry in India has extended by one year the validity of anti-dumping duty on nylon filament yarn from China, Chinese Taipei, Malaysia, Indonesia, Thailand and South Korea. The revenue department has also extended by one year the validity of anti dumping duty on Saccharin imports from China.
Pakistan’s Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the Ministry of Textile Industry from January 16, 2017 till June 30, 2018. In this connection, the FBR has amended SRO 1125(1)2011 through an SRO 36(1)/2017 issued recently.
Since its discovery about a decade ago, nanopolymer research has increased tremendously and is revolutionising the future of the textile coatings sector.
The four-day-long 16th edition of Garmentech Bangladesh-2017 which ended successfully recently showcased latest apparel technology.
Indian cotton prices are seeing unusual rise during the current peak arrival season.
The Premium Wool Zone perhaps best encapsulates the benefits of exhibiting at the fair for high-end overseas suppliers.
With industrialisation, surging consumption of textiles in engineered products and rising awareness about the benefits of using textile chemicals, the market in India is projected to cross $2.5 billion by 2021.